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China’s Blockchain Investment Facing Explosive Growth

According to the "2018 Blockchain Investment and Financing Report" released by the China Research Institute, the number of China's blockchain enterprises has been experiencing growth for six consecutive years, and the investment and financing of the blockchain industry is exploding.   As of the end of 2017, there were more than 320 blockchain companies in the

By | July 16th, 2018|Categories: Blockchain|Tags: , , , , , |0 Comments

$1.5 Million in Crypto Seized During FIFA Crackdown

Local police officials in China seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup. Chinese state-run media outlet Xinhua reported on July 11 that authorities first noticed the unnamed gambling platform in May following advertisements that claimed it would "accept international recognized cryptocurrencies including bitcoin, ether

By | July 13th, 2018|Categories: China|Tags: , , , , , , , |Comments Off on $1.5 Million in Crypto Seized During FIFA Crackdown

Observers Split Over Floods Impact on Chinese Mining

Extreme weather conditions have claimed a new victim during floods — cryptocurrency miners. A combination of floods in Sichuan and heatwaves in Europe last week briefly dented the global “hashrate”, which measures crypto mining capacity — and offered a glimpse of what might happen if China succeeds in wiping out its bitcoin mining industry. The storms,

By | July 13th, 2018|Categories: News|Tags: , , , , |Comments Off on Observers Split Over Floods Impact on Chinese Mining

China’s Hashing Power: A Blessing or a Bomb Waiting to Explode?

One of the major Bitcoin mining pools currently making waves is Bitmain which is a China-based industry giant that recently accounts for over 40% of the overall Bitcoin hashrate. Why is it making waves? Well, because it has raised some new concerns about the centralization of mining. Ever wondered how Bitcoin is generated? Do they

By | July 13th, 2018|Categories: China|Tags: , , , , |Comments Off on China’s Hashing Power: A Blessing or a Bomb Waiting to Explode?

Arrest of Secret Crypto Miner in China Following Theft

A man in China has been arrested by the government for the alleged theft of power, in order to fund a secret cryptocurrency mine. Xinhua news company stated that the Anhui Province electricity company reported a spike in the use of electricity and this eventually led to the confiscation of over 200 computers used for

By | July 13th, 2018|Categories: China|Tags: , , , , , |Comments Off on Arrest of Secret Crypto Miner in China Following Theft

China And France To Build Eco Blockchain Skyscraper

China And France come together to build eco-friendly, blockchain-monitored skyscraper. The New French Dream Towers, if successful, will bring the best of culture, technology, and nature together under one roof. Last month, French architecture firm XTU Architects partnered with Systematic, a French business consortium, and an undisclosed Chinese developer to construct an eco-friendly, blockchain-monitored skyscraper, according

By | July 12th, 2018|Categories: Tech|Tags: , , , , , |Comments Off on China And France To Build Eco Blockchain Skyscraper

Activists in China Use Blockchain to Avoid Censorship

Sources claim that a student of Peking University, Yue Xin, who made accusations against the university’s authority for trying to silence her, has written an open letter to the university on issues concerning an alleged sexual harassment by one of the university’s professor. To avoid government censorship, activists have proceeded to putting up the #MeToo

By | July 12th, 2018|Categories: China|Tags: , , , , |Comments Off on Activists in China Use Blockchain to Avoid Censorship

China’s Xi Hates Bitcoin, Not Blockchain

Despite the unhappy breakup between China and cryptocurrencies last year, President Xi Jinping is now calling the founding blockchain technology a 'breakthrough.' For the Chinese authorities, Bitcoin and other cryptocurrencies could create financial risk and potentially jeopardise Communist Party authority. Yet the blockchain technology, that cryptocurrencies are built on, could provide the PRC with greater

By | July 11th, 2018|Categories: China|Tags: , , |Comments Off on China’s Xi Hates Bitcoin, Not Blockchain

World’s Largest Bank Looks to Blockchain

The Industrial and Commercial Bank of China (ICBC), one of China's "Big Four" state-owned commercial banks and one of the world's largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets. According to a patent application filed by the bank in January and revealed on Friday, the system

By | July 10th, 2018|Categories: Blockchain|Tags: , , , , , |Comments Off on World’s Largest Bank Looks to Blockchain

Mining Giant Bitmain Valued at $12 Billion

Chinese bitcoin mining giant Bitmain has reportedly closed a Series B round funding, which values the firm at approximately $12 billion. Chinese business media Caixin reported on Friday citing anonymous sources familiar with the deal that although the exact number of the new equity financing is unknown, it's somewhere between $300 million to $400 million. According to

By | July 6th, 2018|Categories: Cryptocurrencies|Tags: , , |Comments Off on Mining Giant Bitmain Valued at $12 Billion